Insurance and financial services in Paraguay
Paraguay: Insurance and financial services was 0.5% in 2025. ◆ Volatile
Insurance and financial services in Paraguay, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Paraguay stood at 0.5%.
That represents a change of down 20.7% on the previous year and down 41.7% over ten years.
Over the whole period, insurance and financial services in Paraguay peaked at 21.2% in 1998 and was at its lowest, 0.1%, in 1988.
That places Paraguay 159th out of 190 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Paraguay, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1975 | 2.0% | — |
| 1976 | 2.0% | -1.6% |
| 1977 | 0.3% | -82.5% |
| 1978 | 0.1% | -60.2% |
| 1979 | 0.2% | +77.9% |
| 1980 | 0.2% | -21.8% |
| 1983 | 0.1% | -60.6% |
| 1988 | 0.1% | -6.4% |
| 1989 | 0.1% | +11.7% |
| 1994 | 3.3% | +4101.2% |
| 1995 | 11.1% | +238.6% |
| 1996 | 12.8% | +15.5% |
| 1997 | 17.3% | +34.9% |
| 1998 | 21.2% | +22.4% |
| 1999 | 13.3% | -37.2% |
| 2000 | 15.0% | +12.6% |
| 2001 | 13.5% | -10.2% |
| 2002 | 13.5% | +0.5% |
| 2003 | 10.8% | -20.2% |
| 2004 | 13.1% | +21.2% |
| 2005 | 11.3% | -13.4% |
| 2006 | 11.0% | -2.5% |
| 2007 | 7.9% | -28.3% |
| 2008 | 1.0% | -87.3% |
| 2009 | 0.8% | -24.5% |
| 2010 | 0.9% | +14.9% |
| 2011 | 1.1% | +22.0% |
| 2012 | 0.7% | -36.7% |
| 2013 | 0.9% | +27.3% |
| 2014 | 1.1% | +25.2% |
| 2015 | 0.9% | -18.3% |
| 2016 | 0.7% | -20.0% |
| 2017 | 0.8% | +9.3% |
| 2018 | 0.7% | -6.5% |
| 2019 | 0.7% | -7.8% |
| 2020 | 1.4% | +110.1% |
| 2021 | 1.3% | -9.7% |
| 2022 | 0.8% | -33.6% |
| 2023 | 0.7% | -13.3% |
| 2024 | 0.6% | -10.7% |
| 2025 | 0.5% | -20.7% |
Paraguay compared with similar countries
- Paraguay's 0.5% is below the median for upper middle income countries, which is 1.9%, 27% of the median. (53 countries reporting)
- Paraguay's 0.5% is below the median for Latin America & Caribbean, which is 2.7%, 19% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Paraguay changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +4101.2% | 0.1% | 3.3% |
| 1995 | +238.6% | 3.3% | 11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.1% | 2.0% | 5 |
| 1980s | 0.1% | 0.1% | 0.2% | 4 |
| 1990s | 13.2% | 3.3% | 21.2% | 6 |
| 2000s | 9.8% | 0.8% | 15.0% | 10 |
| 2010s | 0.8% | 0.7% | 1.1% | 10 |
| 2020s | 0.9% | 0.5% | 1.4% | 6 |
Countries ranked near Paraguay
- 156 Serbia 0.6% compare
- 157 Kosovo 0.6% compare
- 157 Kosovo (UNSCR 1244) 0.6% compare
- 160 Saint Lucia 0.5% compare
- 161 Madagascar 0.5% compare
- 162 Afghanistan 0.4% compare
More private sector data for Paraguay
- Merchandise trade 61.3% (2025)
- Food imports 7.8% (2025)
- Manufactures imports 79.2% (2025)
- Merchandise imports 19.13 billion current US$ (2025)
- Food exports 69.1% (2025)
- Manufactures exports 16.3% (2025)
- Merchandise exports 11.08 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,580 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2249 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 1.86 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Paraguay?
- Insurance and financial services in Paraguay was 0.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Paraguay?
- The highest recorded value was 21.2% in 1998.
- What is the lowest insurance and financial services recorded in Paraguay?
- The lowest recorded value was 0.1% in 1988.
- How does Paraguay rank for insurance and financial services?
- Paraguay ranks 159th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Paraguay?
- Over the last ten years it is down 41.7%. The long-run trend across the full record is volatile.
- Where does this Paraguay data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.